Online Gambling Guide featuring Best Online Casinos,
Online Gambling Payouts and recommendations for Gambling online
ONLINE GAMBLING GAMBLING NEWS POKER UK CASINOS SPORTSBOOK BINGO SITE MAP
Casinos Online
  GAMBLING WIZ
  Home
  Top 10 Casinos
  Best Payouts
  New Casinos
  Casino Reviews
  Best Bonuses
  No Deposit Bonuses
  High Roller Bonus
  Biggest Jackpots
  Live Dealers
  Be the Dealer
  Gambling Awards
  GAMBLING NEWS
  Latest News
  News Archives
  PLAYER RESOURCES
  Players Guide
  Gambling History
  Gambling Glossary
  Gambling Articles
  Commandments
  Winning Games
  Losing Games
  Gambling Do's & Don'ts
  Gambling Quotes
  House Edge
  Gambling Probabilities
  Gambling Money Management
  Gambling Psychology
  Practice for Free
  Gambling Jokes
  Gambling News
  Gambling Books
  RULES & STRATEGIES
  Video Poker
  Baccarat
  Blackjack
  Craps
  Roulette
  Slot Machines
  Betting Systems
  GAMBLING SOFTWARE
  Microgaming
  Playtech
  Real Time Gaming
  Boss Media
  Cryptologic
  OddsOn
  Viper
  Other Software
  CASINO GROUPS
  Belle Rock Gaming
  Fortune Lounge
  Bright Share
  Casino Partners
  Vegas Partners
  Casino Profit Share
  Casino Rewards
  Casino Coins
  BANKING METHODS
  FirePay
  Neteller
  Citadel
  Click2Pay
  PaySpark
  Other Methods
  MORE GAMBLING
  Flash Casinos
  UK Casinos
  Poker
  Sportsbook
  Bingo
  Lotteries
  Backgammon
  MISC.
  Casino Affiliates
  Directory
  Webmasters
  Newsletter
  Contact Us
 
 
 
Online Gambling Guide by Jerry Whittaker…
The Gambling Wiz        
Online Gambling Guide in your language: Online Gambling | Spanish  Online Gambling | French  Online Gambling | German  Online Gambling | Italian  Online Gambling | Dutch  Online Gambling | Portugese  Online Gambling | Russian  Online Gambling | Chinese  Online Gambling | Korean  Online Gambling | Japanese
"I have put together an Online Gambling resource center that focuses on the best
online gambling games as well as the best gambling sites to increase your odds of winning."
- Jerry Whittaker        
 

Harrah's Reveals Spanish Casino Plans

Harrah's Entertainment Chairman Gary Loveman racked up the frequent flier mileage in November, concluding the month by announcing the company plans to co-develop a Caesars casino resort in the master-planned El Reino community of Ciudad Real, 118 miles south of Madrid.

The announcement capped a month of international development activity for the world's largest casino operator.

On Tuesday, Harrah's said it signed a memorandum of understanding with Slovenia's largest casino operator to develop a luxury casino resort in Nova Gorica, Slovenia. Earlier in November, Harrah's announced plans to enter the Bahamas, signing a letter of intent with Baha Mar Resorts and Starwood Hotels to create an 1,000-acre destination beachfront resort.

In all three developments, which total almost $3 billion in investments by Harrah's and its partners, the casino complexes will be the largest of their kind in each particular country.

And Loveman has the company's sights trained on one additional international project, one of two potentially lucrative casino locations in Singapore.

In an interview Wednesday from Madrid, Loveman said there is a marked change in international gaming attitudes, especially in Europe. Casino customers are desiring more of a Las Vegas-style, all-inclusive resort experience rather than the traditional small and intimate setting.

Most European casinos, he said, offer limited services.

"I think this project (in Spain) and the projects we've announced show that international customers are attracted to the Las Vegas resort setting," Loveman said. "These projects are all in important markets where there isn't a high-quality gaming experience."

The projects offer an avenue for Harrah's to bring the Caesars brand, which the company purchased in June as part of its $9 billion buyout of Caesars Entertainment, into international jurisdictions. He said, however, Harrah's was still assessing whether to use the Caesars theme in Slovenia, which borders Italy and is expected to draw upon a large Italian customer base.

Loveman said the three projects, which include casinos, upscale hotels, golf courses, spas, retail, entertainment and other amenities, could all be under construction at the same time next year.

"After the merger, we set aside the organizational resources to create a unit of people dedicated to building new Caesars projects," Loveman said.

In Singapore, Harrah's is hoping to land the casino-resort contract in the Marina Bay district with its partner, Keppel Land, a Singapore-based real estate developer. Loveman said if the company doesn't win the bid for that site, it will bid on a second Singapore project.

Loveman said the recently announced international projects will play a role in showing the Singapore government that Harrah's is committed to international development.

"(Singapore) is a beneficial byproduct, but that's not the primary reason behind these developments," Loveman said. "These are terrific business opportunities for the company."

Harrah's will finance the international projects differently than its domestic projects, Loveman said. And with partners, the company won't be responsible for the entire project.

Wall Street seemed somewhat supportive of the deals. Shares of Harrah's traded up as much as $1 higher for part of Wednesday's session on the New York Stock Exchange. However, Harrah's ended the day lower at $68.07, off 45 cents, or 0.66 percent.

Deutsche Bank gaming analyst Marc Falcone said the international investment is low risk with limited capital but offers a high return that includes increased brand awareness.

 
Remember, you can beat the odds, but you can't beat the percentages.
Copyright 2000-2007 Online Gambling Guide - GamblingWiz.com All Rights Reserved